Wells Fargo & Company MN Lowers Stock Position in Curtiss-Wright Co. (NYSE:CW)

Wells Fargo & Company MN trimmed its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,488 shares of the aerospace company's stock after selling 4,847 shares during the period. Wells Fargo & Company MN owned 0.20% of Curtiss-Wright worth $26,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CW. YANKCOM Partnership bought a new stake in Curtiss-Wright during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $53,000. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc purchased a new position in Curtiss-Wright in the third quarter worth $69,000. Finally, Smartleaf Asset Management LLC increased its stake in Curtiss-Wright by 85.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after acquiring an additional 105 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.9 %

Curtiss-Wright stock traded up $2.89 during trading hours on Tuesday, reaching $320.64. The company had a trading volume of 165,354 shares, compared to its average volume of 264,055. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a 50-day moving average price of $321.52 and a 200 day moving average price of $345.80.

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Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CW. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus price target of $380.14.

Insider Buying and Selling at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 658 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock valued at $7,436,255 in the last 90 days. Insiders own 0.67% of the company's stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.